SUPERIOR, WI (December 8, 2022) — Superior Choice Credit Union (SCCU) and Hayward Community Credit Union (HCCU) announced today that the “Yes” vote by HCCU members has finalized the merger between the two financial institutions. The merger will create a combined financial institution serving more than 37,000 members, with approaching $800 million in assets. The final tally was 88% in favor of the merger.
After regulatory approval and closing, the two financial institutions will legally become one entity, which will operate under the Superior Choice Credit Union name and charter. All branches will remain in operation, and existing employees of both organizations will be retained. The merger allows Superior Choice Credit Union to offer expanded services to Hayward Community Credit Union’s 7,500 members while expanding SCCU’s footprint within the northwestern region of Wisconsin.
The next step for the newly combined financial institution will be to fully integrate operations, products, services, policies, technology, and more. Both HCCU branches, located in Hayward and Cable, will be converted to Superior Choice Credit Union branches in the coming months.
Both financial institutions have a long history of serving residents in northwestern Wisconsin with a combined 177 years of serving their communities. Superior Choice Credit Union was first chartered in 1932 in the Superior Co-op Store at Belknap Street and Tower Avenue in Superior, while Hayward Community Credit Union began in 1935 by the Northern Lakes Co-op Oil Association.
Superior Choice Credit Union is a member-owned financial cooperative with 8 convenient locations throughout the Twin Ports and Wisconsin. Founded in 1932, SCCU offers a full line of financial services and exceptional customer service. SCCU is the Superior Choice for all your personal and commercial financial needs. For more information on the scholarship recipients, visit www.superiorchoice.com/about/community/college-scholarships/.
Breanna Wessberg
715.919.6841
breannaw@superiorchoice.com
